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上期所调整铸造铝合金期货交易保证金比例和涨跌停板幅度
Mei Ri Jing Ji Xin Wen· 2025-08-26 12:23
Group 1 - The Shanghai Futures Exchange has adjusted the margin ratio and price fluctuation limits for casting aluminum alloy futures contracts, effective from the settlement at the close on August 28, 2025 [1] - The price fluctuation limit for casting aluminum alloy futures contracts has been set to 5% [1] - The margin ratio for holding positions has been adjusted to 6%, while the general holding margin ratio has been set to 7% [1]
大商所焦煤合约:8月调整交易限额,双焦盘面高位震荡
Sou Hu Cai Jing· 2025-08-16 14:10
Core Viewpoint - The Dalian Commodity Exchange has adjusted the trading rules for coking coal futures, impacting market dynamics due to various factors affecting the dual coking coal market [1] Group 1: Trading Rule Adjustments - The Dalian Commodity Exchange has set a daily opening position limit of 1,000 lots for the JM2601 coking coal contract starting from August 15, 2025 [1] - From August 18, the speculative intraday trading fee rate will increase to 0.02% of the transaction amount [1] Group 2: Supply and Demand Dynamics - A recent production restriction plan in Shandong will limit output by 30% from August 16 to 25 and by 50% from August 26 to September 3, affecting approximately 41,000 tons of coking coal production [1] - The current operating rate of the affected coking enterprises is at 90% [1] - Domestic supply of coking coal has limited growth potential, with a rebound in the volume of coal crossing from Mongolia and a slowdown in upstream inventory depletion [1] Group 3: Market Sentiment and Price Movements - The overall production of coking coal remains stable, while iron water production is maintained at a high level, indicating resilient demand [1] - The sixth round of price increases for coking coal has been implemented, leading to a significant improvement in coking enterprise profits [1] - Recent trading activity has shown a surge in speculative sentiment, with a notable increase in transaction volume over the past two weeks, leading to a cooling of market speculation following the position limits [1] Group 4: Inventory and Price Elasticity - The pace of downstream replenishment for coking coal has slowed, with inventory depletion rates decreasing, and the overall inventory remains lower than the same period last year [1] - The price of coking coal shows upward elasticity due to reduced upstream inventory pressure [1] - The acceptance of price increases by steel enterprises has slowed, intensifying the competition between steel and coking enterprises [1]
【交易规则】广期所连发调控“组合拳”,工业硅多晶硅2509合约交易限额降至3000手
Sou Hu Cai Jing· 2025-07-24 17:30
Core Viewpoint - The Guangxi Futures Exchange has announced significant regulatory adjustments for futures contracts related to industrial silicon and polysilicon, including increased margin requirements, transaction fees, expanded price limits, and reduced daily trading limits [1][6]. Group 1: Regulatory Changes - Starting from July 25, 2025, the daily opening position limit for the industrial silicon futures contract (SI2509) and polysilicon futures contract (PS2509) will be set at 3000 lots each [1][3]. - The daily trading limit for both contracts will restrict the total amount of buy and sell positions combined to 3000 lots per trading day [3][4]. Group 2: Historical Context - The adjustment follows a previous implementation of a daily trading limit policy for polysilicon on July 21, 2025, which set a limit of 10,000 lots for various contracts [4]. - Other futures contracts have also seen adjustments in their daily opening position limits, with various limits set for different commodities, indicating a broader trend of regulatory tightening across the futures market [4][5]. Group 3: Purpose of Adjustments - The restrictions on daily opening positions are aimed at curbing excessive speculation and preventing market manipulation risks within the futures market [6]. - Traders are advised to stay updated on changes in trading rules to avoid disruptions in their trading activities [6].
上期所:铸造铝合金期货涨跌停板幅度为上一交易日结算价±3%
news flash· 2025-05-26 10:17
Core Viewpoint - The Shanghai Futures Exchange has announced the launch of aluminum alloy futures and options contracts, with specific trading rules and margin requirements set to take effect on June 10, 2025 [1]. Group 1: Contract Specifications - The trading unit for aluminum alloy futures is set at 10 tons per contract [2]. - The minimum price fluctuation is established at 5 yuan per ton [2]. - The price limit for daily trading is ±3% of the previous day's settlement price [1][2]. - The minimum trading margin is 5% of the contract value [1][2]. Group 2: Trading and Delivery Details - Trading will occur from 9:00 AM to 11:30 AM and 1:30 PM to 3:00 PM, along with other specified trading times [2]. - The last trading day for each contract month is the 15th day of that month, with adjustments for public holidays [2]. - Delivery will take place two working days after the last trading day, with a delivery unit of 30 tons [2]. - The delivery method is physical delivery, and the quality specifications for the aluminum alloy ingots are detailed in an attachment [2].